Revel, Atlantic City's newest casino, is worth just a fraction of the $2.4 billion it cost to build the resort and could wait another four years before becoming profitable.
Atlantic City's newest and most modern casino, Revel, will file for bankruptcy protection next month, but Governor Chris Christie is still hopeful Revel will help AC turn the corner, generate more revenue, and draw more visitors.
There's been a lot of media coverage about Revel and their upcoming pre-packaged Chapter 11 Bankruptcy filing. Most of the coverage has been hyper negative.
Less than a year since opening to the public, Atlantic City's newest casino has announced it will file for Chapter 11 bankruptcy protection next month. What does this mean for Revel and the entire gaming town?